THUKRAL ELECTRIC
Technical Stock Pick: Multibagger in a year! Is Dixon Technologies in a new bull market?
Short to medium-term traders can look to buy the stock for a target above 7000-7600 levels, suggest experts.
Companies that come clean will soon get incentives under FAME-II
The Indian government will provide subsidies to all-electric two-wheeler manufacturers that have passed ongoing investigations to promote the adoption of e-mobility and comply with local sourcing norms. Incentives worth up to ₹1,500 crore ($200m) have been stalled for a year since local sourcing anomalies were discovered. According to some electric vehicle officials, the delay led to a working capital shortage that retarded E2W industry growth.
More EV makers lose subsidy as Centre's probe deepens
The subsidies are part of the ₹10,000-crore programme called FAME 2 ( Faster Adoption and Manufacturing of Electric vehicles in India scheme Phase-2). The FAME-2 web site shows the status of subsidies for vehicles manufactured by these companies as "expired".
Electric two-wheeler sales may miss FY23 target of 10 lakh units by 20 pc: SMEV
In 2022, sales of electric two-wheelers stood at around 6 lakh units, with three major electric two-wheeler (E2W) makers -- Hero Electric, Ola and Okinawa -- crossing the 1 lakh annual sales mark for the first time, the Society Of Manufacturers Of Electric Vehicles (SMEV) said.
Electric two-wheeler sales may miss FY23 target of 10 lakh units by 20 pc: SMEV
SMEV Director General Sohinder Gill said sales for the nine months of the current FY23 ending December stood at around 5 lakh units and "there could be more than 20 per cent shortfall in the projections made by NITI Aayog of 1 million units for the full FY23".
EV makers not misappropriating subsidies under FAME scheme, says SMEV
The government is probing 12 automakers, including Hero Electric and Okinawa Autotech, for alleged misappropriation of subsidies under the Rs 10,000 crore FAME II scheme.
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Government probes possible misappropriation of incentives by electric vehicle makers
Complaints were made against 12 electric vehicle and parts manufacturers, including Hero Electric Vehicles Pvt Ltd and Okinawa Autotech Pvt Ltd, for violating guidelines under the programme, Mahendra Nath Pandey, the minister for heavy industries, said.
Federal Reserve's rate hike hint sends cryptos crashing
Cryptocurrencies including Bitcoin, Ethereum, Solana, Cardano and Terra slid sharply on Wednesday night, after the US Federal Reserve released minutes of its December meeting in which the central bank signalled it could start raising interest rates to tackle stubbornly high inflation.
India’s GDP growth rises to 7.2% in December quarter
The latest GDP number is a breather for an economy recovering from twin policy shocks of note ban in November 2016 and GST rollout on 1 July 2017.
Expect stimulus in exports, MSME, bank capitalisation and rail and road infra: Arun Thukral, Axis Sec
Although the index has corrected not even 5% from the highs, NBFCs have been correcting at a faster pace
Allow Punjab government to sell its surplus power to Pakistan, Amarinder Singh requests PM Narendra Modi
Pointing to the 1000 MW surplus power availability in Punjab after meeting its internal demand, CM said sale of power to neighbouring Pakistan, or Nepal.
Why scientists of Indian origin are leaving a better life and returning to India
Such homecomings are driven partly by family compulsions, but now it is a flurry of incentives by the govt that has helped scientists relocate to India.
Centre offers 10 lakh litres biofuel/day to Delhi to check pollution
He said the supply could be made at cheaper rates than diesel and some 30,000 litres were already being supplied in some areas in Maharashtra.
Rise in credit & debit cards spending signals India's transformation into a cashless economy
The economy is sluggish and consumer sentiment is low. Yet, electronic cards - debit, credit and pre-paid cards are posting robust growth.
Don’t default on your phone bills, your loan hinges on that
Credit information co's are seeking access to payment details of mobile bills by customers, to find customers credit history.
Get cheaper loans by using credit history to your advantage
While credit history is not the only parameter used for determining eligibility, it is increasingly playing a key role.
Want loans? Pay your phone bills on time
Keep an eye on the monthly planner as banks may now include your bill payment records to assess your loan eligibilty.
Atlas Cycles, Shanku lead charge into pharma sector
The pharmaceutical sector-an area largely insulated from the downturn-is attracting companies from other sectors.
Can Green buildings save India from going grey?
A layman is very likely to show little interest in a speech or a discussion on green buildings. But, when the same person learns that there are only eight years left for us to save Mother Earth from the throes of emissions induced destruction, sitting up and taking notice is the only way out.
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